Hedge Fund Bets There’s Value in El Salvador After 180% Bond Run

At the end of July, Bloomberg reported that despite being concerned about the country's adoption of bitcoin as legal tender in 2021, Wall Street investors have been interested in the growth of El Salvador's bonds. The 70% returns in 2023 are the best-performing among bonds from emerging markets. For example, even with a return of 180% on its position, Converium Capital Inc. decided to hold it, but why?

For Vice-president Ulloa, this is not a random issue, "but is the result of applying a financial policy from the government of the president Nayib Bukele, exercised by our entities in charge." And it's also related to bitcoin. In fact, for Ulloa, it's clear that the BitcoinBTC 0.0% Law was a crucial element in the new position that El Salvador took globally.

Same as US bonds, right? Lol.

If more countries follow the steps of El Salvador and issue BTC bonds can be the end of fiat currency and central banking in a future?